ICAD (NASDAQ) - 30-Min Chart Long Trade Setup!
🚀
🔍 Stock: ICAD (NASDAQ)
⏳ Timeframe: 30-Min Chart
📈 Setup Type: Bullish Breakout
📍 Trade Plan:
✅ Entry Zone: Above $3.70 - $3.75 (Breakout Confirmation)
🚀 Take Profit 1 (TP1): $4.02 (First Resistance)
🚀 Take Profit 2 (TP2): $4.37 (Extended Bullish Target)
🔻 Stop-Loss (SL): Below $3.46 (Key Support)
📊 Risk-Reward Ratio: Favorable for a bullish continuation 📈
🔹 Technical Analysis & Setup:
✅ Pattern: Rising Wedge Breakout 📈
✅ Breakout Confirmation Needed: Price holding above $3.70 with volume support
✅ Resistance Zones:
$4.02: First Major Resistance
$4.37: Extended Target for strong momentum
✅ Momentum Shift Expected: A breakout could trigger a strong uptrend 🚀
🔥 Trade Strategy & Refinements:
📊 Volume Confirmation: Look for increasing buying volume above $3.70 📉
📉 Trailing Stop Strategy: Once price reaches TP1 ($4.02), adjust SL higher to secure profits 🛑
💰 Partial Profit Booking: Take partial profits at $4.02 and let the rest ride toward $4.37+ 💵
⚠️ Fake Breakout Risk: If price drops back below $3.70, reconsider entry ❌
🚀 Final Thoughts:
✅ Bullish Breakout Potential – High probability of continuation higher 📈
✅ Momentum Shift Possible – A move above $4.02 could accelerate the upside 🚀
✅ Strong Risk-Reward Setup – SL at $3.46, TP at $4.02 - $4.37 for optimal gains
📊 Trade Smart & Stick to the Plan! 🏆🔥
🔗 #LongTrade #StockTrading #ICAD #TechnicalAnalysis #DayTrading #MomentumTrading #BreakoutSetup #RiskReward #TradingPlan #ProfittoPath 🚀📈
🔍 Stock: ICAD (NASDAQ)
⏳ Timeframe: 30-Min Chart
📈 Setup Type: Bullish Breakout
📍 Trade Plan:
✅ Entry Zone: Above $3.70 - $3.75 (Breakout Confirmation)
🚀 Take Profit 1 (TP1): $4.02 (First Resistance)
🚀 Take Profit 2 (TP2): $4.37 (Extended Bullish Target)
🔻 Stop-Loss (SL): Below $3.46 (Key Support)
📊 Risk-Reward Ratio: Favorable for a bullish continuation 📈
🔹 Technical Analysis & Setup:
✅ Pattern: Rising Wedge Breakout 📈
✅ Breakout Confirmation Needed: Price holding above $3.70 with volume support
✅ Resistance Zones:
$4.02: First Major Resistance
$4.37: Extended Target for strong momentum
✅ Momentum Shift Expected: A breakout could trigger a strong uptrend 🚀
🔥 Trade Strategy & Refinements:
📊 Volume Confirmation: Look for increasing buying volume above $3.70 📉
📉 Trailing Stop Strategy: Once price reaches TP1 ($4.02), adjust SL higher to secure profits 🛑
💰 Partial Profit Booking: Take partial profits at $4.02 and let the rest ride toward $4.37+ 💵
⚠️ Fake Breakout Risk: If price drops back below $3.70, reconsider entry ❌
🚀 Final Thoughts:
✅ Bullish Breakout Potential – High probability of continuation higher 📈
✅ Momentum Shift Possible – A move above $4.02 could accelerate the upside 🚀
✅ Strong Risk-Reward Setup – SL at $3.46, TP at $4.02 - $4.37 for optimal gains
📊 Trade Smart & Stick to the Plan! 🏆🔥
🔗 #LongTrade #StockTrading #ICAD #TechnicalAnalysis #DayTrading #MomentumTrading #BreakoutSetup #RiskReward #TradingPlan #ProfittoPath 🚀📈
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